Financial Performance - For the fiscal year ending July 31, 2023, the group recorded a revenue of HKD 1,013,900,000, representing a 22.1% increase from HKD 830,200,000 in the previous year[11]. - Gross profit increased by approximately 36.6% to HKD 476,500,000, up from HKD 348,900,000 in the previous year[11]. - The net loss attributable to shareholders was approximately HKD 198,800,000, a reduction from a net loss of HKD 328,700,000 in the previous year[12]. - The net loss per share was HKD 0.126, compared to HKD 0.220 in the previous year[12]. - The operating loss decreased to HKD 160.4 million from HKD 334.6 million year-over-year, indicating improved operational efficiency[33]. - The group's revenue for the fiscal year ended July 31, 2023, was HKD 1,013.9 million, an increase of 22.1% compared to HKD 830.2 million in the previous year[30]. - The gross profit for the same period was HKD 476.5 million, resulting in a gross margin of 47.0%, up from 42.0% in the prior year[33]. - For the fiscal year ending July 31, 2023, the cinema operations segment recorded revenue of HKD 525.1 million, a significant increase from HKD 385 million in 2022, with a reduced loss of HKD 25.9 million compared to a loss of HKD 128.6 million in the previous year[42]. - The media and entertainment segment achieved revenue of HKD 372.5 million, up from HKD 256.8 million in 2022, turning a loss of HKD 7.7 million into a profit of HKD 13.3 million[44]. Cash and Debt Management - As of July 31, 2023, the group's consolidated cash and bank deposits amounted to HKD 660.3 million, down from HKD 1,202.9 million a year earlier[25]. - The group's debt ratio was approximately 36.7% as of July 31, 2023, compared to 38.4% a year earlier, indicating improved financial management[25]. - The total outstanding consolidated loans amounted to HKD 233.1 million as of July 31, 2023, with an additional HKD 113 million in unsecured loans[51]. - The company's net asset value attributable to owners was HKD 635.1 million, down from HKD 965.2 million in the prior year[33]. - The debt-to-equity ratio improved to 36.7% from 38.4% year-over-year, indicating a stronger balance sheet[33]. Business Operations and Expansion - The group successfully expanded its cinema network by opening four new cinemas in Hong Kong, including MCL Cinemas Plus+ in July 2022 and two new cinemas in September 2023[16]. - The group's cinema operations in Hong Kong have fully resumed with all seats open, following the lifting of COVID-19 restrictions[15]. - The group is cautiously optimistic about long-term entertainment demand and will continue to assess business opportunities to maintain its market position as a leading multi-screen cinema operator in Hong Kong[15]. - The group is investing in original high-quality film productions, including the action film "Kowloon Walled City" and the romantic comedy "It's Not That You Don't Love You"[17]. Employee Management and Workplace Culture - As of July 31, 2023, the group employed approximately 530 employees, a decrease from 560 employees in 2022[54]. - The company has established competitive salary levels for employees, with performance-based promotions and discretionary bonuses based on contributions and industry practices[54]. - Employee turnover rate was reported at 17% as of July 31, 2023[96]. - The company has implemented effective policies to promote a diverse and inclusive workplace, ensuring confidentiality for employees reporting misconduct[99]. - The company provides various non-wage benefits, including vaccination leave, additional holidays, and annual health check-ups[101]. Environmental, Social, and Governance (ESG) Initiatives - The company has committed to disclosing climate-related actions in accordance with the TCFD recommendations, aiming to develop climate response strategies[57]. - The report covers the group's environmental, social, and governance (ESG) management and performance from August 1, 2022, to July 31, 2023[58]. - The company aims to reduce its environmental impact while conducting business sustainably, managing carbon emissions, waste generation, water usage, and energy consumption effectively[73]. - The company has adopted the TCFD framework for climate risk management, focusing on governance, strategy, risk management, and metrics and targets[74]. - The company has established emergency response plans for natural disasters and regularly inspects critical machinery to ensure operational continuity during emergencies[81]. Corporate Governance - The board of directors consists of eight members as of July 31, 2023, including three executive directors, one non-executive director, and four independent non-executive directors[168]. - The company has established a nomination committee to oversee the selection and reappointment of directors, ensuring compliance with listing rules[174]. - The board has delegated daily business management to the executive committee and management, focusing on long-term goals and overall business strategies[166]. - The company is committed to enhancing corporate governance practices in line with the latest guidelines and regulations[181]. - The audit committee, established on April 29, 1999, consists of three independent non-executive directors, ensuring compliance with listing rules[191].
丰德丽控股(00571) - 2023 - 年度财报